Prosperity Watch: State’s employment looking for growth in all the wrong places

As seen in the latest issue of Prosperity Watch, North Carolina’s persistently high unemployment rate is not only the result of having 3 workers for every available job, but also due to weaknesses in those industries that employ the majority of the state’s workers. Only a fraction of the state’s employment base is concentrated in industries that are poised for long-term growth and pay decent wages, while the overwhelming majority of North Carolina’s workers are employed in industries experiencing long-term decline–a serious problem for ensuring the long-term economic competitiveness of the state. For details, see this week’s Prosperity Watch.